UK trade deficit narrows in August amid higher exports

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Source: RTT News
© Scanpix/RS
The United Kingdom trade balance came in deficit in the month of August, however, the trade balance narrowed as the pace of growth in exports exceeded imports, the Office for National Statistics reported on Wednesday. According to the report, exports of goods advanced by 1.1% on a monthly basis to 25.1 billion pounds, while imports slipped 0.1% to 34.7 billion pounds.

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Wed, 09 Oct 2013 10:51:04 GMT

UK industrial production falls unexpectedly in August

United Kingdom's industrial output surprisingly dropped in August from the previous month mainly due to a 1.2% decrease in manufacturing production after it advanced two months in a row, a report released by the Office for National Statistics revealed on Wednesday. Industrial production in the UK slipped 1.1% in August, while it was forecast to gain 0.4%.

Wed, 09 Oct 2013 10:10:05 GMT

Asian shares outside Japan retreat

Asian shares outside Japan declined on worries that the U.S. government shutdown could end with a default and after the IMF cut its worldwide outlook. The MSCI Asia Pacific ex-Japan Index slipped 0.2% to 465.90 at 3:38 p.m. Tokyo time, while the broader regional equity-benchmark added 0.2% to 138.81. The Topix gained 1.5%, the most since September 19.

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